Shopify is an excellent choice for small to medium-sized businesses, while Shopify Plus is the preferred solution for large, complex, and rapidly growing ecommerce enterprises.
What is Shopify:
What is Shopify Plus
Shopify Plus is a premium version of Shopify designed for large, high-volume online businesses. It offers enhanced functionality, flexibility, and support compared to standard Shopify plans. Shopify Plus plans start at $2,300 per month for a 3-year term or $2,500 per month for a 1-year term, providing an enterprise-grade e-commerce solution for established, high-performing online sellers.
What is Shopify Balance
Shopify Balance is a money management account integrated with the Shopify platform that allows merchants to:
- Manage all store payments and transactions in one place
- Allocate funds to different accounts, like payroll
- Earn cashback and access partner offers when using the Shopify Balance card
- Centrally manage all payments and transactions for their Shopify store
- Gain financial visibility through dashboards, filters, and reports to comprehensively track business finances
- Earn rewards, including an annual percentage yield (APY) on funds held in the account, as well as up to $2,000 in cashback per year when using the free Shopify Balance spending card
Shopify Balance is available as an iOS app that requires iOS 15.0 or later. Users report it is easy to use and integrates a shop's finances with a bank account
However, some criticism suggests it lacks multi-store login functionality and customer support
Additionally, to open a Shopify Balance account, the requirements are:
- Valid U.S. Social Security Number (SSN)
- Physical personal address located in the United States or Puerto Rico
What is Shopify POS System
Shopify POS is designed to give Shopify merchants a unified commerce platform to manage both their online and offline sales, providing a cohesive omnichannel experience for their customers.
Key features:
- Omnichannel Integration: Shopify POS seamlessly integrates with a merchant's online Shopify store, allowing them to manage inventory, customer data, and sales across both online and offline channels.
- Mobile Payment Processing: Shopify POS enables merchants to accept a variety of payment methods, including credit/debit cards, contactless payments, and mobile wallets, using a compatible iOS or Android device.
- Inventory Management: Merchants can track real-time inventory levels, receive low stock alerts, and automatically sync online and offline inventory through the Shopify POS system.
- Customer Management: POS allows merchants to view customer profiles, purchase histories, and segment customers for targeted marketing efforts.
- Reporting and Analytics: Shopify POS provides detailed sales reports, insights, and analytics to help merchants optimize their offline retail operations.
- Hardware Options: Shopify offers a range of compatible POS hardware, such as card readers, receipt printers, and barcode scanners, to create a complete in-person sales solution.
What is Shopify EP
Shopify EP (Shopify Editions) refers to the major product updates and new feature releases that Shopify announces and rolls out to its platform on a regular basis.
The "EP" stands for "Editions" and represents the different versions or editions of the Shopify platform that are introduced over time to enhance the capabilities and user experience for Shopify merchants.
Shopify typically releases major Editions (EP) updates 1-2 times per year, often coinciding with their annual Shopify Unite conference.
Each Edition brings a range of new features, tools, and improvements across areas like online store design, checkout, marketing, analytics, and more.
The Editions help Shopify merchants stay up-to-date with the latest platform enhancements to grow and optimize their online businesses.
What are Shopify Collabs?
Shopify Collabs is a free app for Shopify merchants on the Shopify, Advanced, or Shopify Plus plans. Creators can also use the Shopify Collabs app for free
Shopify Collabs provides a free way for Shopify merchants to collaborate with creators to drive additional sales, with the merchant paying standard payment processing fees on any resulting transactions, but no additional fees for using the Collabs app and platform.
What is Shopify Protect?
Shopify Protect is a fraud prevention and risk management tool offered by Shopify to help its merchants mitigate fraudulent activities in their online stores. It screens orders for indicators of fraud, such as high-risk payment methods, suspicious customer behavior, and unusual order patterns.
What is Shopify Audiences?
What is Shopify Collective?
What is Shopify Flow?
What is Shopify eCommerce Development?
What is Shopify Pricing Calculator?
The Shopify Pricing Calculator is a tool on the Shopify website that allows users to estimate the monthly cost of using Shopify for their online business.
The key features of the Shopify Pricing Calculator include:
- Plan Selection: Users can choose from Shopify's different pricing plans - Basic Shopify, Shopify, or Advanced Shopify - based on their business needs.
- Sales Estimation: Users can input their estimated monthly sales volume to get a more accurate pricing estimate.
- Additional Features: The calculator accounts for add-on features like additional staff accounts, professional reports, and third-party software integrations.
- Customized Pricing: Based on the user's inputs, the calculator provides a customized monthly cost for the selected Shopify plan and any additional features.
Comparison: Users can compare the pricing and features across Shopify's different plan tiers to determine the most suitable option for their ecommerce business.